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BetMGM Bonus Code: Earn $1,000 First Bet on the House for Wednesday Slate

BetMGM Bonus Code: Earn $1,000 First Bet on the House for Wednesday Slate article feature image

Signing up at BetMGM and need some free money? BetMGM bonus code ACTION will unlock a first bet on the house up to $1,000 for new users in most states. This offer (or any BetMGM offer) is not available in New York.

So how’s it work? Just make your first wager, and whatever you lose, you’ll get back in free bets, up to $1,000. So if your first bet is $100 on France -1.5 at +150 and it wins, you keep the cash and the original bet. If France doesn’t cover that spread, you get $100 back in free bets.

Still confused? We’ll explain more below.

Steps to Sign Up 

The steps to registering and getting started betting at BetMGM are simple:

  1. Click here to get started
  2. Use BetMGM bonus code ACTION or ACTIONCUP at checkout
  3. Enter all your information
  4. Deposit at least $10
  5. Make your first bet up to $1,000 if you used code ACTION

Check out our travel FAQ/guide if you don’t live in a BetMGM state but are traveling to or through one this weekend.

Here are the requirements to sign up:

  • Be 21 years or older
  • Currently located in a state where BetMGM operates — you can find a full list here. You don’t need to live in the state, you just need to be physically present
  • Have a valid credit card, bank account, or other deposit method.

BetMGM Bonus Codes by State

  1. ACTION: A $1,000 first bet on the house.
  2. ACTIONCUP: Get $200 in free bets after you bet $10 on the World Cup
  3. ACTIONOHIO: Get $200 in free bets with no deposit required. BetMGM is expected to launch in Ohio on Jan. 1.
  4. ACTIONCASINO: Get $1,025 in value if you’re joining BetMGM’s online casino (available in select states).

How Bonus Code ACTION Works

Check out our sportsbook promo guide that explains each type of offer if you’re still confused.

Making Your First Bet

You want to put your entire deposit on your first wager. It’s optimal, according to the math. That +300 to +500 in tight markets is usually a good sweet spot.

I signed up at BetMGM long ago, but I’ll put my hypothetical $100 deposit on Morocco to beat France in regulation at +500.

  • If Morocco wins, I pocket $500 and keep the original $100.
  • If Morocco loses, I get back $100 in free bets.

OK, so what are free bets? We’ll cover that next.

Using Free Bets

You hope to not have to use those free bets, because you cashed your initial wager at BetMGM. But most of the time, you will, especially if you’re playing longshots.

Here’s how free bets work. It’s like BetMGM is spotting you the bet, and you keep the winnings if it wins. If you lose $100 on your first bet, you’ll get five, $20 bets back.

  • After Morocco loses, let’s say I put $20 on the Timberwolves moneyline against the Clippers at +200 on Wednesday night. If the T’Wolves win, I make $40 but don’t keep the original $20 free bet.
  • If the T’Wolves lose, the $20 free bet goes away.

How Does Bonus Code ACTIONYARD Work?

There’s another promo available in most BetMGM states — ACTIONCUP. It gets you $200 in free bets.

It’s lower risk, because you really only have to deposit $10 and you can get $200 in free bets to use on anything. Use those free bets well, and you could have a few hundred bucks in cash.

Just bet $10 on the France-Morocco. That’s it!

Free bets, if you didn’t read the section above, are almost like bets on the house. You keep the winnings, but you don’t keep the free bet itself.

BetMGM will return your $200 in four, $50 free bets. They can be used on any event or sport, with a few small restrictions.

So if you get $200 in free bets and put it all on Florida +300 against Oregon State in the Las Vegas Bowl on Saturday:

  • If Florida wins, you profit $600, but don’t keep the $200 in free bets.
  • If Florida loses, your free bets go away, and you’re just left with your deposit.

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